Gushan Environmental Energy Limited (GU)

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IEA: Global Biodiesel Production Could Double by 2012
10/19/2009
Over the last eight years, biodiesel production in the world has increased ten-fold to 2.9 billion gallons per year over and could nearly double by 2012, according to a report released by the International Energy Agency (IEA). The IEA's Bioenergy Task 39 reviewed 21 key biofuel-producing countries, which revealed that bioethanol production has increased significantly, from less than 5.3 billion gallons per year in 2000 to 17.4 billion gallons per year by 2008.

Much of the growth in both is happening in just three countries; the United States, Brazil and Germany, which together account for over one-half of the world biodiesel production and more than three-quarters of bioethanol production. If recent trends continue, world biodiesel production could top 5.3 billion gallons per year by 2012, while bioethanol production could exceed 23.8 billion gallons, according to the IEA.